The Ins and Outs of RDSPs
Download this article as a PDF. Have you ever wondered about the ins and outs of the Registered Disability Savings Plan? Our colleagues at Wellington-Altus have published an article sharing all the facts. We at Sweeney Bride thought this article might be helpful to any of our clients who are already approved for […]
RESP Withdrawals: Everything Parents & Students Need To Know
When your child was born, you held them in the hospital, overcome with love and joy, and dreamt of all the ways you could provide and care for your little one. You reflected on all the ways your own parents could provide for you, and all the ways they couldn’t, and you dreamt of how […]
What Is Estate Planning and Why Does It Matter?
Estate planning is a simple term for a very broad topic. A lawyer will refer to estate planning as a “means to decide and secure who will inherit your assets” after you die. While that’s true, estate planning as an element of financial planning involves much more than that. Throughout most of our lives, we […]
Five Financial Essentials Every Woman Should Have
Looking for financial advice as a woman? Sweeney Bride created a list of the 5 Financial Essentials Every Woman Should Have. Learn more about Financial Planning for Women now!
Why Your Business Shares Might Not Be Suitable for the Lifetime Capital Gains Exemption
Lydia has been an excavator operator for a long time. She’s more than that, now – she’s an entrepreneur. Her business started as a sole proprietorship one-woman show, growing slowly but surely into the enterprise it is today. She hired slowly, adding first an apprentice, then two apprentices, then a lead hand. Once she invested […]
Your Guide to the Personal Costs of Self-Employment
Squamish is a small town on the traditional territory of the Squamish Nation, Sḵwx̱wú7mesh Úxwumixw in British Columbia that’s known to attract adventurous souls. If you haven’t visited, Squamish is coastal with steep mountains. The terrain gives the creeks their rapids and the trails their downhill speed. In winter, the snow is deep and in summer, the […]
The Worst RRSP Mistake You Can Make
What is the point of an RRSP? A lot of people think that the point of an RRSP is to save for retirement, and that’s true. I mean it has ‘retirement savings right in the name! Despite these registered accounts having cute little acronyms, they create a lot of misunderstanding. In case you don’t already […]
How to Give to Charity and Save Tax Doing It
Canada is one of the most charitable countries in the world. While you shouldn’t donate just to save tax, understanding the tax implications can help you decide which strategy is optimal for you. Canadian Charitable Giving Landscape Canada’s charitable sector is vital. There are over 85,000 charities in Canada, employing 10% of the entire Canadian […]
Physicians: 3 ways to maximize education funding for your kids (and save taxes while you do it)
Post-secondary education is expensive – especially if your kids want to become healthcare professionals themselves. According to the AMFC Graduation Questionnaire, over 40% of medical school graduates in Canada had debt exceeding $200,000![i] If you have more than one child to provide for, the total cost of education can be enormous. Thankfully, there are ways […]
What Taxes Do British Columbians Pay To Own Real Estate?
Meet Andrew and Stacey Carter. Andrew and Stacey are young, high-income professionals living in Vancouver. Lately, their TikTok and Instagram feeds are inundating them with recommendations for real estate as the ultimate wealth-building tool, and they’re hooked. The Carters decide they want to buy a house and a rental in Vancouver. Doesn’t everybody? They have […]
